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20130110
20130110
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problems? >> at think the answer is simple. we don't have a fight or a crisis over the debt ceiling. we have a fight in crisis overspending that causes debt. if the spending or cut and there was an agreement but place on the way to rein in explosive and -- entitlement spending and brought the debt under control, no one would even mention the debt ceiling. the key will be to focus on the real problem, which is the debt. acknowledge solution for anyone not living in budgetary fantasyland. make some progress on that. gerri: at think it's budget fantasyland for us. well, the senate has not backed the budget in 1,351 days, gretchen. come on. we are going to -- our debt is going to get downgraded by standard and poor's and moody's and everyone else, and we will have a sell-off of 2,000 points in the stock market, right? >> you're right. on top of not having a budget, we have also had $5 trillion worth -- five years worth of trillion dollar deficits which is what we are heading toward. the four past years, and the cbo coming out saying we're headed into our fifth. gerri: unbelievable. tyler, t
train -- >> all aboard -- >> that is the debt ceiling debacle. or we can fall back on these themes i keep talking about. themes that give us a place to go within all the skirmishing that defines our marketplace day after day. we've gone over china, the banks, and housing. we've told you that the autos and insurance stocks should be bought on weakness and aerospace can work. stay focused when your favorite companies in these sectors. and tonight i've got two new ones, two themes that aren't going away. if anything, i think they're accelerating in 2013. the first, when you speak of big themes, you cannot ignore the revolution in energy in this country. >> buy, buy, buy! >> we have so much of it, particularly so much natural gas it will not be just 2013, 2012, but a multi-year game changer. while we're thrilled about north american energy independence, and by the way, the american technology behind them, don't forget that, we need to ask, how can this theme make us money? i mean, this is "mad money," not mad energy sufficiency. who are the principal winners from years of ultra cheap nat
, what could happen on the debt ceiling, if you put all that together, we cannot sit back and not to prepare for the worst. that is what we're trying to do. >> having been a chief, the way the mechanism is established, we would have to absorb $52 billion of production, whenever it starts. in october, it is 52 billion over 12 months. january, $52 billion over nine months. in march, six or seven months. the burn rate isn't sustainable. we have to take measures to prepare ourselves for that. >> we are implementing, we're basically spending money pursuant to what we had in the 2013 budget. -- if weis what we're were required to do these cuts, suddenly we have to achieve this level of savings. where do we go? we're going to protect the war fighter. we are going to protect those areas that are critical to national defense. where do you go? you go to readiness, maintenance, training, this is where cuts are ultimately made. when that happens, it makes us less ready. >> a $45 billion, not $52 billion. >> you are not correcting me because i am right. [laughter] >> on the ethics comm
Search Results 0 to 2 of about 3